Student loan repayment calculator

Missed payments

If you've missed payments we may charge late payment interest. If you're having difficulty repaying your loan contact us. We might be able to offer you some payment options. Talk to us if:

you haven't been making your repayments, and

the amount you are behind in paying is significant.

We may stop you leaving New Zealand next time you travel if this has happened.

Interest on student loans for overseas-based borrowers

When you leave New Zealand for at least six months your loan stops being interest-free. But, if you return to New Zealand for less than 32 days in total during this six months, these days will count as days spent overseas.

The current interest rate won't apply until you've been overseas for six months or more. The interest is then backdated to the day after you left New Zealand.

Making payments from overseas

You can make payments from overseas using a money transfer service or credit and debit cards.

Money transfer services

Money transfer services help you set up smaller, regular payments. These payments will make it easier to meet your obligation and reduce your interest. Bank charges may apply so include them with your payment if needed.

Credit and debit card payments

Setting up a nominated person for your student loan account

One of the best things you can do when you go overseas is set up a nominated person for your student loan account. Your nominated person can act on your behalf while you're away. If you have any questions, or need to make a change to your details, they can do it for you.